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Explaining the inflation rate (lemmy.world)

submitted 3 weeks ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] BaldManGoomba@lemmy.world 10 points 3 weeks ago (1 children)

Why?

Hear me out. If a $50k wages is $50k 10 years from now and all things stay the same why is that a problem? People at that wage can pay for a certain lifestyle at that wage forever.

Hear me out if all companies have a profit? Why have more profit next year? You can still grow you have profit.

Even loans still work as loans have profit built into them so what is the problem with stagnation

[–] anivia@lemmy.ml 7 points 3 weeks ago

But how could we possibly survive without eternal economic growth???